Helge Lund (born 16 October 1962) is a Norwegian businessman who has been chairman of BP since January 2019, and chairman of the Danish healthcare company

Novo Nordisk Novo Nordisk A/S is a Danish multinational pharmaceutical company headquartered in Bagsværd, Denmark, with production facilities in nine countries, and affiliates or offices in five countries. Novo Nordisk is controlled by majority shareholder ...

since 2018. He is the former

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

(CEO) of

BG Group BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and ...

Statoil Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state owned enterprise, state-owned multinational energy company headquartered in Stavanger. It is primarily a petroleum company, petroleum company, operating in 36 countries with ad ...

and

Aker Kværner Aker may refer to: Places * Aker, Norway, a geographic area in Oslo and a former municipality in Norway * Vestre Aker, a district of Oslo within former Aker municipality * Nordre Aker, a district of Oslo within former Aker municipality * Aker Br ...

, and was a director of

Schlumberger Schlumberger Limited (), doing business as SLB, is an oilfield services company. Schlumberger has four principal executive offices located in Paris, Houston, London, and The Hague. Schlumberger is the world's largest offshore drilling compa ...

from June 2016 to April 2018.

Early life

Lund was born in

Oslo Oslo ( , , or ; sma, Oslove) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of ...

, Norway, in 1962. He graduated in business management at the

Norwegian School of Economics The Norwegian School of Economics ( no, Norges Handelshøyskole) or NHH is a business school situated in Bergen, Norway. It was founded in 1936 as Norway's first business school and is a leading teaching and research institution in the fields of ...

Bergen Bergen (), historically Bjørgvin, is a city and municipality in Vestland county on the west coast of Norway. , its population is roughly 285,900. Bergen is the second-largest city in Norway. The municipality covers and is on the peninsula of ...

. He has a

Master of Business Administration A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

(MBA) from the

INSEAD INSEAD, a contraction of "Institut Européen d'Administration des Affaires" () is a non-profit business school that maintains campuses in Europe ( Fontainebleau, France), Asia (Singapore), the Middle East (Abu Dhabi, UAE), and North America (San ...

business school in France.

Career

He started his career as a management consultant for

McKinsey & Company McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and ...

and as political adviser for the

Conservative Party The Conservative Party is a name used by many political parties around the world. These political parties are generally right-wing though their exact ideologies can range from center-right to far-right. Political parties called The Conservative P ...

in the Norwegian parliament

Storting The Storting ( no, Stortinget ) (lit. the Great Thing) is the supreme legislature of Norway, established in 1814 by the Constitution of Norway. It is located in Oslo. The unicameral parliament has 169 members and is elected every four years bas ...

et, before starting work for Hafslund Nycomed in 1993. In 1997-8 he was vice president in Nycomed Pharma before starting work in

Aker RGI Aker ASA is a Norwegian industrial investment company with ownership interests concentrated in oil and gas, renewable energy and green technologies, maritime assets, marine biotechnology, and industrial software. The company is listed on Oslo Sto ...

in 1999 as vice president before becoming CEO for Aker Kværner in 2002. After

Olav Fjell Olav Fjell (born 28 June 1951) is a Norwegian businessperson. He was the chief executive officer (CEO) of Statoil from 1999 to 2003, and of Hurtigruten from 2007 to 2012. Career Fjell has a siv.øk. degree from the Norwegian School of Economic ...

withdrew as CEO of

in 2004, Lund took over and was retained after Statoil merged with the oil & gas division of

Norsk Hydro Norsk Hydro ASA (often referred to as just ''Hydro'') is a Norwegian aluminium and renewable energy company, headquartered in Oslo. It is one of the largest aluminium companies worldwide. It has operations in some 50 countries around the world an ...

in 2007 to create

StatoilHydro Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state-owned multinational energy company headquartered in Stavanger. It is primarily a petroleum company, operating in 36 countries with additional investments in renewable energy. ...

. On 15 October 2014, Lund resigned as CEO for

with immediate effect, to join the management team of the UK's

as CEO from 9 February 2015. On 1 December 2014, in response to pressure from shareholders, BG Group reduced a £12 million share award

golden hello In accounting and contractual law, "golden hello" is a term used for several different arrangements: # A payment made to induce an employee to take up employment from a specific employer in form of a welcome package or a payment from a rival empl ...

for Lund to between £4.7 million to £10.6 million, depending on the company's future performance. His basic salary will be £1.5 million, but with bonuses, total compensation could reach £14 million per annum. Following the takeover of

Royal Dutch Shell Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New Yo ...

, Lund was out of a job, but did receive a total of £5.5 million for his 11 months work, and £9.7 million in shares in February 2016, as a result of the takeover. In June 2016, Lund was appointed to the board of directors of

. On 26 April 2018, it was announced by BP that he would join their board on the 1 September 2018 and succeed

Carl-Henric Svanberg Carl-Henric Svanberg (born 29 May 1952), is a Swedish businessman and current Chairman of Volvo. He was Chairman of BP for eight years, from 2010 to 2018. Life and career Svanberg holds a master's degree in applied physics from the Linköping ...

as chairman with effect from 1 January 2019.

Personal life

He is married to Else-Cathrine Lund.

References

{{DEFAULTSORT:Lund, Helge Norwegian School of Economics alumni People in the petroleum industry INSEAD alumni 1962 births Living people Equinor people Norwegian businesspeople in the oil industry McKinsey & Company people BP people Chairmen of BP